Banking & Commodity

Fuel price hike has augmented sufferings of Chattogram’s fish farmers and fishmongers, already hit hard financially by the Covid-19 pandemic. Wholesalers at Chattogram’s Fishery Ghat told the FE that the rise in diesel price has caused extreme damage to their trade as cost of running fishing trawlers, different modes of …

Rice price in Bangladesh has remained at an elevated level despite higher imports in recent months on the back of lower customs duty and reduced price in the international market as well as a record stock in government warehouses. The retail price of coarse rice, consumed by a majority of …

Food Minister Sadhan Chandra Majumder on Sunday said the government is working relentlessly to increase food stocks and ensure fair prices for farmers’ paddy aiming to build a hunger-free Bangladesh. “Under the leadership of Prime Minister Sheikh Hasina, Bangladesh is now a role model of development in the world which …

In line with the spiralling cost of other daily essentials, the retail price of potato rose sharply by 39 per cent. Each kilogramme (kg) was selling for Tk 22 to Tk 28 in Dhaka markets yesterday whereas it was Tk 16 to Tk 20 a month ago, according to the …

In any country, a safe and sound banking system is the sine qua non of a strong economy. By channelising funds from savers to borrowers, banks help keep the wheels of the economy moving, in the way boosting the confidence of businesses, investors and consumers. But for years, state-owned banks …

The commerce ministry on Monday formed a committee to review the existing price setting formula for essential commodities with the aim of finding out ways of reducing the prices of imported items on the local market. The six-member committee headed by commerce ministry additional secretary AHM Shafiquzzaman would suggest a …

The prices of most of the essential commodities, including rice, edible oil, red lentil, chicken and sugar, remained high in the city’s kitchen markets over the week ending on Friday. Although the government allowed refiners to increase the prices of edible oil and sugar from time to time in line …

Listed banks in Bangladesh posted higher profit in the January to September period on the back of higher income from their investment in the stock market, a pick-up in credit demand and lower expenses. The lenders made a combined profit of Tk 6,923 crore during the nine-month period, up 29.88 …

Consumers will have to count Tk 10 more for each litre of soybean oil under the government’s open market sale (OMS) programme. The Trading Corporation of Bangladesh (TCB) is set to launch OMS of key essential items today (Wednesday) to keep their prices within the buying capacity of common people, …

Edible oil imports are facing disruption as importers are failing to unload goods at the Chattogram Port on time because of a jetty shortage after facilities were diverted to facilitate fuel imports. The disruption, which has inflicted demurrages on the edible oil importers, may worsen the situation in the already …